RE: FTSE 100 weighting22 Dec 2023 08:41
I think there will be a bit of consolidation here around 305-320. Break 320 and 360 next stop. Not selling yet...Will see where we are mid January when the dust has settled. But this looks nothing but positive, was always undervalued due to the EPL and NS focus...that was the number one issue and they have resolved it with this deal. The re-rating is already underway, FTSE 100 to come too. Great end to the year for HBR holders, not been an easy ride but BoD have well and truly pulled it out of the bag and we can look forward to some good times in 2024 (assuming Oil and Gas prices remain steady).
GL All.